Agenda

Pensions Panel
Wednesday, 24th July, 2019 10.30 am

Venue: County Hall, Chichester

Contact: Adam Chisnall on 033 022 28314  Email:  adam.chisnall@westsussex.gov.uk

Items
Note No. Item

Part I

10.30 am

1.

Declarations of Interests

Members and officers are invited to make any declaration of personal or prejudicial interests that they may have in relation to items on the agenda and are reminded to make any declarations at any stage during the meeting if it becomes apparent that this may be required when a particular item or issue is considered.

 

It is recorded in the register of interests that:

·         Mr Donnelly is a Horsham District Councillor

·         Mr Hunt is the Chairman of the Chichester Harbour Conservancy

·         Mr Jupp has a daughter who works for Blackrock

·         Dr Walsh is a Member of the Littlehampton Harbour Board, Arun District Council and Littlehampton Town Council

 

These financial interests only need to be declared at the meeting if there is an agenda item to which they relate.

10.32 am

2.

Part I Minutes of the last meeting pdf icon PDF 65 KB

The Panel is asked to agree the Part I minutes of the meeting of the Panel held on 29 April 2019 attached (cream paper).

10.34 am

3.

Urgent Matters

Items not on the agenda, which the Chairman of the meeting is of the opinion, should be considered as a matter of urgency by reason of special circumstances.

10.34 am

4.

Part II Matters

Members are asked to indicate at this stage if they wish the meeting to consider bringing into Part I any items on the Part II agenda.

10.35 am

5.

Pension Advisory Board Minutes - Part I

The Panel is asked to note the confirmed Part I minutes from the meeting of the Pension Advisory Board on 6 March 2019 and the agenda from the meeting of the Pension Advisory Board on 22 May 2019.

5a

6 March - Part I Pension Advisory Board Minutes pdf icon PDF 78 KB

5b

22 May - Pension Advisory Board Agenda pdf icon PDF 55 KB

10.40 am
15 mins

6.

Annual Report and Accounts pdf icon PDF 44 KB

Report by the Director of Finance and Support Services

 

The Panel is asked to consider the recommendation within the report.

Additional documents:

10.55 am

7.

Funding Strategy Statement pdf icon PDF 334 KB

Report by the Director of Finance and Support Services.

 

The Panel is asked to consider the recommendation within the report.

11.15 am

8.

Business Plan pdf icon PDF 102 KB

Report by the Director of Finance and Support Services.

 

The Panel is asked to consider the recommendation within the report.

11.35 am

9.

Date of the next meeting

The next meeting of the Pensions Panel will be 10.00 a.m. 25 October 2019 at County Hall.

Part II

11.35 am

10.

Exclusion of Press and Public

The Panel is asked to consider in respect of the following item(s) whether the public, including the press, should be excluded from the meeting on the grounds of exemption under Part I of Schedule 12A of the Local Government Act 1972, as indicated below, and because, in all the circumstances of the case, the public interest in maintaining the exemption of that information outweighs the public interest in disclosing the information.

11.35 am

11.

Part II Minutes of the last meeting

To confirm the Part II minutes of the meeting of the Panel held on 29 April 2019, for members of the Panel only (yellow paper).

11.38 am

12.

Pension Advisory Board Minutes - Part II

The Panel is asked to note the confirmed Part II minutes from the meeting of the Pension Advisory Board on 6 March 2019 (yellow paper).

11.40 am

13.

ACCESS Update

Report by the Director of Finance and Support Services attached for members of the Panel only (yellow paper).

 

The Panel is asked to consider the recommendations within the report.

11.50 am

14.

Administration Performance

Report by the Director of Finance and Support Services attached for members of the Panel only (yellow paper).

 

The Panel is asked to consider the recommendations within the report.

12.00 pm

15.

Review of Pension Performance

The following reports are for the Panel to review Pension performance over the last quarter.

15a

Transaction and Performance

Portfolios from Aberdeen Standard and Baillie Gifford are attached for members of the Panel only. The UBS report is to follow.

 

Paper by the Director of Finance and Support Services summarising transactions and performance during the quarter, for members of the Panel only (yellow paper) – to follow.

15b

Independent Fund Advisor Comments

Paper from the independent fund advisor giving comments on the quarter, for members of the Panel only (yellow paper) – to follow.

12.10 pm

16.

Presentation by Baillie Gifford

The Panel to receive a presentation on portfolio performance.